Competitive Strategy : Options and Games.

Intro -- Contents -- Glossary -- Symbols -- Foreword -- Preface -- Chapter 1. The Strategy Challenge -- 1.1 The Changing Corporate Environment -- 1.2 What Is Strategy? -- 1.3 Two Complementary Perspectives on Strategy -- 1.4 An Integrative Approach to Strategy -- 1.5 Overview and Organization of the Book -- Conclusion -- Selected References -- I. Strategy, Games, and Options -- Chapter 2. Strategic Management and Competitive Advantage -- 2.1 Strategic Management Paradigms -- 2.2 Industry and Competitive Analysis -- 2.3 Creating and Sustaining Competitive Advantage -- Conclusion -- Selected References -- Chapter 3. Market Structure Games: Static Approaches -- 3.1 Monopoly -- 3.2 Duopoly -- 3.3 Oligopoly and Perfect Quantity Competition -- 3.4 Market Structure under Incomplete Information -- Conclusion -- Selected References -- Chapter 4. Market Structure Games: Dynamic Approaches -- 4.1 Commitment Strategy -- 4.2 Bargaining and Cooperation -- Conclusion -- Selected References -- Chapter 5. Uncertainty, Flexibility, and Real Options -- 5.1 Strategic Investment under Uncertainty - The Electricity Sector -- 5.2 Common Real Options -- 5.3 Basic Option Valuation -- Conclusion -- Selected References -- Appendix 5A: Multistep Cox - Ross - Rubinstein (CRR) Option Pricing -- II. Option Games: Discrete-Time Analysis -- Chapter 6. An Integrative Approach to Strategy: Option Games -- 6.1 Key Managerial Issues: Optimal Timing and Flexibility versus Commitment -- 6.2 An Illustration of Option Games -- 6.3 Patent-Fight Strategies -- 6.4 An Application in the Mining/Chemicals Industry -- Conclusion -- Selected References -- Chapter 7. Option to Invest -- 7.1 Deferral Option of a Monopolist -- 7.2 Quantity Competition under Uncertainty -- 7.3 Differentiated Bertrand Price Competition -- Conclusion -- Selected References.

Chapter 8. Innovation Investment in Two-Stage Games -- 8.1 Innovation and Spillover Effects -- 8.2 Innovation and Patent Licensing -- 8.3 Goodwill/Advertising Strategies -- Conclusion -- Selected References -- III. Option Games: Continuous-Time Models -- Chapter 9. Monopoly: Investment and Expansion Options -- 9.1 Option to Invest (Defer) by a Monopolist -- 9.2 Option to Expand Capacity -- Conclusion -- Selected References -- Appendix 9A: Contingent-Claims Analysis of the Option to Invest in Monopoly -- Chapter 10. Oligopoly: Simultaneous Investment -- 10.1 Oligopoly: Additional Capacity Investment -- 10.2 Oligopoly: Incremental Capacity Investment -- 10.3 Perfect Competition and Social Optimality -- Conclusion -- Selected References -- Appendix 10A: Derivation Based on Dynamic Programming -- Chapter 11. Leadership and Early-Mover Advantage -- 11.1 A Basic Framework for Sequential Investment in a Duopoly -- 11.2 Duopoly with Sequential Investment under Uncertainty -- 11.3 Oligopoly with Sequential Investment under Uncertainty -- 11.4 Option to Expand Capacity -- Conclusion -- Selected References -- Chapter 12. Preemption versus Collaboration in a Duopoly -- 12.1 Preemption versus Cooperation -- 12.2 Option to Invest in a New Market under Uncertainty -- 12.3 Option to Expand an Existing Market -- Conclusion -- Selected References -- Appendix 12A: Strategy Space and Solution Concept -- Appendix 12B: Perfect Equilibrium in Deterministic Setting -- Appendix 12C: Perfect Equilibrium in Stochastic Setting -- Chapter 13. Extensions and Other Applications -- 13.1 Exogenous Competition and Random Entry -- 13.2 Real-Estate Development -- 13.3 R &amp -- D and Patenting Applications -- 13.4 Investment with Information Asymmetry -- 13.5 Exit Strategies -- 13.6 Optimal Capacity Utilization -- 13.7 Lumpy Capacity Expansion (Repeated).

13.8 Other Extensions and Applications -- Conclusion -- Selected References -- Appendix: Basics of Stochastic Processes -- A.1 Continuous-Time Stochastic Processes -- A.2 Forward Net Present Value -- A.3 First-Hitting Time and Expected Discount Factor -- A.4 Optimal Stopping -- Conclusion -- Selected References -- References -- Index.

A new paradigm for balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.